Q1 2018 Financial Presentation Deck F - TrackX · Financial Highlights –Q1 2018 63% year-over-year increase in recurring revenue to $0.43 million from $0.27 million Gross margin

February 2018Q1 FINANCIAL RESULTS PRESENTATION

TSX-V:TKX

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This document is a summary description of TrackX Inc. (“TrackX”, or the “Company”) and its business and does not purport to be complete. Investors are encouraged to obtain independent legal advice concerning any investment in securities of TrackX and should not base their decision on whether to invest in TrackX upon the material provided herein. There are no representations or warranties made herein by TrackX and investors will only be able to rely on the representations and warranties contained in the subscription agreement to be entered into at the time of a sale of securities.This document is not to be distributed to third parties without the prior written consent of TrackX. It is intended that any offering of securities of TrackX will be made in reliance upon the availability of exemptions from the applicable registration and prospectus requirements.This document is not, and under no circumstances is it to be construed as, an advertisement or a public offering of securities. No securities regulatory authority or similar authority has reviewed or in any way passed upon the document or the merits of TrackX’ssecurities.This document has been prepared for informational purposes only. By accepting delivery of this confidential information or any other material in connection with an investment in TrackX, the investor agrees: (1) to keep strictly confidential the contents of this confidential information presentation and such other material and not to disclose such contents to any third party or otherwise use the contents for any purpose other than evaluation by such offeree of an investment in the securities; (2) not to copy all or any portion of this confidential document, other confidential information or any such other material; and (3) to return this confidential presentation and all such other material to TrackX upon request.This information contained herein does not constitute a general offer to the public, or the general solicitation from the public, of offers to subscribe or purchase any of TrackX’s securities in the United States. The distribution of this information and the offer and sale of the securities in certain jurisdictions in the United States may be restricted by law. Persons into whose possession this information comes are required to inform themselves about and to observe any such restrictions. TrackX’s securities have not been and will not be registered under the U.S. Securities Act of 1933 (the “U.S. Securities Act”) or the securities laws of any state of the United States and, subject to certain exceptions, may not be offered or sold within the United States or to, or for the account or benefit of, U.S. Persons (as defined in the U.S. Securities Act). TrackX will not offer or sell securities within the United States, except to persons reasonably believed to be either (i) Qualified Institutional Buyers pursuant to Rule 144A under the U.S. Securities Act, or (ii) Accredited Investors as defined in Rule 501(a) under the U.S. Securities Act, and in each case incompliance with applicable state securities laws.

FORWARD LOOKING STATEMENTS

This presentation contains certain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from TrackX (“TrackX”, or, the “Company”) expectations and projections. The TSX-V has neither approved nor disapproved the information contained in this presentation. Except for statements of historical fact relating to the Company, certain information contained herein constitutes “forward-looking statements”. Forward-look- ing statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the inherent risks involved in the RFID hardware and software technology based industries including but not limited to, product obsolescence and evolving industry standards, the ability to constantly enhance current product offerings and design and develop new products and services; the defence of of its intellectual property and reliance on copyright and common law trademark protection; the possibility of project cost overruns or unanticipated costs and expenses associated with the implementation of its products and services in a constantly evolving technology and increasing customer sophistication; the availability, price and quality of third party hardware solutions required to implement TrackX’s product offerings; and TrackX'sinability to accurately forecast revenue and to substantiate and execute on its revenue pipeline, due to possible competition, technology change, customer demands and other factors; competition form new or existing companies with substantially greater financial, marketing and other resources; uncertainties relating to the availability and costs of financing needed in the future and other factors. Circumstances or management’s estimates or opinions could change. The reader is cautioned not to place undue reliance on forward-looking statements and must complete their own due diligence on TrackX.

disclaimerTHIS DOCUMENT IS PRIVATE AND NOT FOR PUBLIC DISTRIBUTION

TrackX provides an enterprise SaaS IIoT platform that manages physical assets and improves operational efficiencies

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Enterprise ScalableEnterprise software platform to manage all assetsacross all locations

Hardware AgnosticSupport for all auto ID technologies simultaneously

Business AnalyticsPredictive analytics drives operational efficiencies, regulatory compliance, and rapid ROI

System IntegrationIntegration with customer ERP and business systems unlocks the value of those investments

Enabling Digital Transformation, Big Data and IoT Initiatives

Mobile Asset Tracking &

Management

Maintenance &Work-in-Process

Management

Distribution Yard Management

Returnable Transport Item &Rental AssetManagement

Why TRACKX?

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Financial Highlights – Q1 2018

63% year-over-year increase in recurring revenue to $0.43 million from $0.27 million Gross margin increased to 42%, up from 27% 16% increase in services revenue to $520,622 from $447,613 Revenue of $1.0 million, a 37% decrease from $1.6 million in Q1/F17.Adjusted EBITDA loss for the quarter was $0.58 million compared to a loss of $0.42 million during Q1/FY17.

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Operating Expenses– Q1 2018

Operating expense increased from $1M in Q1 2017 to $1.6M Q1 2018Engineering expenses were incurred to prepare TrackX solutions in support of both expansion opportunities and new business yet to be deployedAdditional investment in deployment of TrackX Mobile & additional features for GAMECosts associated to streamline personnel and restructure responsibilitiesSales related expenses resulting from increased sales activity in Q1 2018 from which the Company has yet to realize associated revenue.Increase in amortization expense of approximately $260,000 related to the intellectual property acquired in the broTECH acquisition

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Financial Highlights – Q1 2018Three months endedDecember 31, 2017

Three months endedDecember 31, 2016

$ $

Revenues 1,027,456 1,633,191

Cost of Sales 600,645 1,184,431

Gross Margin 42% 27%

General & Admin 1,635,741 1,007,321

Net Loss (935,995) (558,561)

Loss per Share (.01) (0.01)

Total Assets 4,496,669 2,446,197

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$5.2 million private bought deal (closed May 10, 2017)

Accretive M&A Activity • Sales Expansion • Working Capital

Use of Proceeds:Partner Network Development • Pipeline Fulfillment •

CAPITAL STRUCTURE

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Key StrategiesLand and Expand

We continue to land new opportunities and expand our footprint across additional locations and solutions within existing customers

Leverage our growing partner network

Existing partners continue to become more proficient in the implementation of TrackX solutions, therefore providing scale to our customer and delivery service capacity

Recent investments in onboarding new partners are expected to result in additional revenue in subsequent quarters

Continue to expand features, functions within GAMEWorkflow

Analytics

Mobile services – see recent release regarding TrackX Mobile

Additional auto ID and sensor technology support

Successfully integrate strategic and accretive acquisitions

BroTECH represented the first successful acquisition

The asset tracking industry remains fragmented resulting in a significant opportunity for rollup and consolidation through M&A

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“Land” and “Expand” CustomersNumberofSites

Customer Current Opportunities EnterpriseLeadingU.S.0nlineUsedCarRetailer 42 80 80

WorldLeadingBeverageProvider 7 29 156

Leadingproducerofchicken,beefandporkproducts 8 17 35

ProviderofPortableToiletRentalServices 1 103 200

LeadingU.S.InsuranceProvider 7 14 18

MajorU.S.BakedSnackProvider 1 4 6

GlobalApplianceManufacturer 1 4 10

LeadingManufacturerofIInnovativeMotorizedProductsforRecreationandUtility

1 3 26

LeadingSupplierofAdvancedAutomotiveTechnology,SystemsandComponents

1 3 8

Q1 - 2017 Q1 - 2018 PercentIncrease

Number ofCustomers

17 25 47%

Number of Customer Sites

104 158 52%

$1.29M $1.65MAnnual Recurring Revenue Growth

Q1 2017 Q1 2018

Corporate Headquarters

7800 East Union Avenue, Suite 430Denver, CO80237

303. 325.7300Tel303. 799.0703Fax

[email protected] www.trackx.com

DevelopmentOffice

4210 Riverwalk PkwySuite 250Riverside, CA 92505

Investor Relations

Sean Peasgood, Sophic Capital [email protected]

TSX-V:TKX

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Ontario•Securities legislation in the Province of Ontario provides that certain purchasers resident in Ontario purchasing securities pursuant to an offering memorandum (as such term is defined in the Securities Act (Ontario)) shall have, in addition to any other rights the purchaser may have at law, a statutory right of action for damages or rescission against the issuer and any selling security holder if the offering memorandum, or any amendment thereto, contains a “misrepresentation” (as defined in the Securities Act (Ontario)). A “misrepresentation” is defined in the Securities Act (Ontario) as an untrue statement of material fact or an omission to state a material fact that is required to be stated or that is necessary to make astatement not misleading in light of the circumstances in which it is made. A “material fact”, when used in relation to securities issued or proposed to be issued, is defined in the Securities Act (Ontario) as a fact that would reasonably be expected to have a significant effect on the market price or value of such securities.•The right of action that is provided to a purchaser resident in the Province of Ontario is summarized below. Purchasers should refer to the applicable provisions of the Ontario securities legislation for particulars of these rights or consult with a lawyer.•If an offering memorandum, together with any amendment thereto, contains a misrepresentation, then any purchaser resident in Ontario to whom the offering memorandum has been delivered and who purchases the securities offered thereby during the period of distribution shall have, without regard to whether the purchaser relied on the misrepresentation, a statutory right of action for damages or, alternatively, while still the owner of the securities, for rescission against the issuer and any selling security holder, provided that, among other things:•if such purchaser elects to exercise its right of rescission, it shall cease to have a right of action for damages against the issuer and any selling security holder;•the issuer and any selling security holder will not be liable if they prove that the purchaser purchased the securities with knowledge of the misrepresentation;•the issuer and any selling security holder will not be liable for all or any portion of damages that they prove do not represent the depreciation in value of the securities as a result of the misrepresentation relied on; and•in no case will the amount recoverable exceed the price at which the securities were offered.• The right of action for rescission or damages is in addition to and without derogation from any other right or remedy such purchaser may have at law.• The Securities Act (Ontario) provides that no action shall be commenced to enforce these statutory rights more than:•in an action for rescission, 180 days from the date of the transaction that gave rise to the cause of action; or•in an action other than for rescission, the earlier of: (1) 180 days after the purchaser first had knowledge of the facts giving rise to the cause of action; or (2) three years after the date of the transaction that gave rise to the cause of action.•The rights referred to above do not apply in respect of an offering memorandum delivered to a purchaser in connection with a distribution made in reliance on the “accredited investor” exemption in section 2.3 of National Instrument 45-106 (“NI 45-106”) if the purchaser is:•a Canadian financial institution or a Schedule Ill bank (each as defined in NI 45-106);•the Business Development Bank of Canada incorporated under the Business Development Bank of Canada Act (Canada); or•a subsidiary of any person referred to above if the person owns all of the voting securities of the subsidiary, except the voting securities required by law to be owned by directors of that subsidiary.Alberta, British Columbia, Manitoba, and Québec•Notwithstanding that the Securities Act (British Columbia), the Securities Act (Québec) and, in certain circumstances, the Securities Act (Alberta), do not provide, or require the issuer to provide, to purchasers resident in these jurisdictions any rights of action in circumstances where an offering memorandum, or any amendment thereto, contains a misrepresentation, the issuer hereby grants to such purchasers contractual rights of action that are equivalent to the statutory rights of action set forth above with respect to purchasers resident in Ontario.•In Manitoba, the Securities Act (Manitoba) provides a statutory right of action for damages or rescission to purchasers resident in Manitoba, in circumstances where an offering memorandum, or any amendment thereto, contains a misrepre- sentation, which rights are similar, but not identical to, the rights available to Ontariopurchasers.

statutory rights